AMD Not Worried About Cryptocurrency Mining Decline

The virtual currency mining industry is rising alarm signals due to a decrease in the demand for hardware machines. But AMD’s CEO feels calm about the situation and does not believe that the company will be affected by that.

AMD Not Worried About Decline in Mining Hardware Demand

During the first part of the year, AMD announced that they registered an important 40% growth compared to the same period in 2017. But in the last weeks and months, there has been a strong decline in demand for cryptocurrency mining hardware.

But it seems that AMD’s CEO, Dr. Lisa Su, does not believe that AMD will be affected by the decreased mining hardware demand. But one thing is clear, if mining revenues go down, some miners will decide to sell their used mining hardware – creating a more competitive market for these products. 

AMD and other companies will be affected by that. At the same time, if the interest is less, there will be less people deciding to buy cryptocurrency mining hardware.

Lisa Su, explained:

“We don’t see a significant risk of second-hand GPUs coming into the market. I think what you find is that there are number of different currencies and a lot of these users that are buying GPUs these days are actually buying them for multiple use cases, both on the commercial and consumer level. So they’re not necessarily buying just for mining.”

At the same time, she said that the company is seeing increased volatility, and predicted a drop in sales in the next quarter. At the same time, Taiwan GFX Card Manufacturer expecting lower shipments of AMD and Nvidia chips. Apparently, the drop could be near to 40%.

TSMC Mining Manufacturer Experienced Record Sales

Taiwan Semiconductor Manufacturing Company (TSMC), has reported an incredible amount of sales during March 2018. This is in line with what AMD reported during the same period.

During this first quarter, the revenues of the company were 248 billion TWD – $8.4 billion dollars, approximately.

C.C. Wei, Co-CEO and president $ Additional Director at TSMC, explained that the long term business is very profitable:

“We are optimistic about the development of some of the industries of mega trends, particularly AI and 5G communication. Both AI and 5G will create the new usage models and spur new waves of demand for both of the existing and emerging applications with the increasing silicon content.”

The company has registered a 6.1% increased in comparison with the same period back in 2017.

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